Traditional financial giants finally step into the game: the joint stablecoin of Mitsui Sumitomo, Mizuho, and Mitsubishi UFJ. The compliance experiment under the regulatory framework is worth watching.

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CoinNetwork
Crypto World News reports that, according to Nikkei News, Sumitomo Mitsui Banking Corporation, Mizuho Bank, and MUFG Bank plan to jointly issue stablecoins linked to fiat currency within the 2026 fiscal year and have established a consultation mechanism to advance application design. The three banks are expected to sign a basic agreement soon and have been conducting joint pilot experiments under the guidance of the Financial Services Agency of Japan since November 2025 to prepare for the issuance of stablecoins.
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